LOS ANGELES, May 16, 2022 (GLOBE NEWSWIRE) — Portnoy Law Firm advises Lucid Group Inc. (“Lucid” or the “Company”) LCID investors that a class action has been filed on behalf of investors. Clear-headed investors who have lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone at 844-767-8529 or by email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss options for investors to pursue claims to recover their losses.

On December 6, 2021, Lucid, formerly known as Atieva, Inc., announced that the Securities and Exchange Commission was investigating the company’s $11.75 billion SPAC merger and had issued a subpoena for documents. Lucid noted in a Form 8-K filed with the SEC that it received a subpoena on Dec. 3, 2021, requesting “the production of certain documents related to an SEC investigation” that “appear to relate to the consolidation of business between the Company (f/k/a Churchill Capital Corp. IV) and Atieva, Inc. and certain projections and statements Based on this news, shares of Lucid fell sharply, hurting investors.

Please visit our website to view more information and submit your transaction information.

Portnoy Law Firm represents investors in the prosecution of claims caused by corporate wrongdoing. The company’s founding partner has recovered more than $5.5 billion for harmed investors. Lawyer advertisement. Prior results do not guarantee similar results.

Lesley F. Portnoy, Esq.
Admitted to the CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com

Lawyer advertisement